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20121104
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or simply his view is what is best for the economy, but it's a very similar proposal in my estimation and i wish that we could move ahead with them being like this then you would be tremendous benefit icing for the taxpayers to get some usefulness out of this investment that they have made in the gses and keeping them together and functioning, to use the skeleton, to use the infrastructure and awaited that allows the taxpayer to get a benefit, to get some monetization of the investment that is then made over time. .. >> i have made my decision to leave freddie mac because i thought it was going to take a long time before we would get resolution. unfortunately, i joined the company the middle of 2009. at that point, everyone was certain that the company would be relaunched at some point. possibly in a couple of years. obviously, we have been disappointed in that. as the calendar rolled through three or four years, i concluded looking at my birth certificate that i probably wasn't going to make it. that was one indication of my pessimism about when we were going to get this resolved. it was c
to stimulate the economy is hire more teachers. well, the answer to that is, of course they would say that, they are teachers. i think the best thing to stimulate the economy is to hire more conservative journalist. [laughter] >> i think it is just self-evident that that would work. [laughter] >> that is logic to consider that it rejects other forms of federal spending. there is also a form of keynesianism that sweeps into conservative economic thinking once you get into defense spending. they begin to talk about the loss of jobs at the close on a military base and the multipliers that we have is the hairdresser who, you know, is cutting the true terror won't have a job that point. that may come on some level be true. i could be argued with every program. with other programs we look in terms of how that money could otherwise be spent and who might otherwise be employed and what other economic opportunities are lost as a result of the government spending. but when it is defense spending, conservatives have a bit of a blind spot with that. the purpose of national defense is defending the nat
do will recover. how that affect the ability of policy to control the economy and the ability or the impact of various changes in fiscal policy. on our fiscal cliff issues come i would say more like the distraction from the fiscal chaos will see after the election around these issues. what i would worry about is not so much the direct impact on ice, much more the stock markets, much more how it will affect other countries. to take europeans and throw an interest in risk premium globally as everyone got scared in the running running into u.s. treasuries paradoxically because we stabilize expectations of the u.s. fiscal policy. what's that going to do to spread entrance or italy or spain? it's only going to go down. so our ability to damage the world is very important. i still worry how they come back to us through the financial system and how the impacts is more affect this. i don't think anybody here is evil. they're just doing their job. [inaudible] [laughter] >> i'm not a lawyer and i hesitate to say this in a group of lawyers, but don't lawyers have responsibility to zealou
disastrous effects on the iranian economy and in large part, this is due to the rainy government's own mismanagement and dysfunction, specifically the ahmadinejad administration handling of the economy. the sanctions have abetted the economic situation or exacerbated it. all the currency has appreciated by 90% in the last year. middle income iranians are hurting. it's hard to put food on the table. entire countries really suffering because of sanctions for most of the the policies and mismanagement. sanctions have raised the cost on iran's nuke you pursue. we often talk about the sanctions haven't been successful, that we haven't seen any signs that iran is to win back the nuclear program. i would argue not yet perhaps, the sanctions have raised the cost of iran's nuclear weaponization if he chooses to go in that direction. ayatollah harmony has dismissed sanctions, but he says sanctions are brutal and so the regime is under a lot of pressure. we saw in recent weeks iranians come out to the street to protest against the regime. it wasn't just the action against ahmadinejad specifically
was to detect and deter a waste, fraud, and abuse and improve the economy and efficiency of the agency. i believe very strongly, and we believe strongly that it was important for the citizens to know what their government was doing, and that's not only in the law enforcement context but in the intelligence area as well and we did a number of very sensitive reviews and intelligence matters ranging from the review of the robert hansen case that the fbi, why was it that robert hanson could be a spy and the fbi's mr. several decades without them finding out. when it initially came out the fbi said, well, it's because of his widely trade craft. the new tax politics system. rasta look at it and determine that was not true. they have a lax internal security methods and that he needed improvement. not only do we do that report from, but we also made public the findings of that report. a lot of people said how can you do that? a very sensitive area. top-secret. but the push very hard to make an executive summary, the conclusions of that report now because we believe strongly that the citizens dese
and korea and japan and southeast asia whatever you want to talk about and the economy. and it is designed to welcome china and the pacific to contain china. they are difficult to deal with. lets place this relationship briefly in historical perspective. we had four or five decades since i was first on the secret trip. as you know ahead of -- when we went in. and we a certainly a con sect yule relationship with china. we didn't have diplomatic religion. no concrete exchange. mostly balancing the soviet union during the cold war and talking in strategic terms about global affairs. in the '90s we began to pick up concrete exchanges and i was fortunate in to be china and increase trade and sellings arms to china cooperating in afghanistan and along the soviet border. but then along came [inaudible] so in the '90s the relationship had to adjust to two new dramatic element. the glue that held us together in the '70s and '80s. it was gone. the cold war was over. in a healthy way, e with had to greatly expand our relationship with china. but at the same time because of [inaudible] the human right
Search Results 0 to 5 of about 6